Guaranteed fixed fees for Leasehold Conveyancing in Drybrook

While any conveyancing solicitor can theoretically deal with your leasehold conveyancing in Drybrook, your mortgage provider may not be willing to work with them if the firm are not on their list of approved solicitors for conveyancing

Questions and Answers: Drybrook leasehold conveyancing

Estate agents have just been given the go-ahead to market my garden flat in Drybrook.Conveyancing is yet to be initiated but I have just had a quarterly maintenance charge demand – what should I do?

Your conveyancing lawyer is likely to suggest that you should clear the service charge as normal because all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

My wife and I purchased a leasehold flat in Drybrook. Conveyancing and Santander mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Drybrook who acted for me is not around.Do I pay?

First contact the Land Registry to be sure that this person is in fact the new freeholder. There is no need to instruct a Drybrook conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Can you offer any advice when it comes to choosing a Drybrook conveyancing firm to deal with our lease extension?

When appointing a solicitor for lease extension works (regardless if they are a Drybrook conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Drybrook conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be of use:

  • If they are not ALEP accredited then what is the reason?
  • Can they put you in touch with client in Drybrook who can give a testimonial?

  • Can you provide any advice for leasehold conveyancing in Drybrook with the intention of saving time on the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Drybrook can be avoided where you appoint lawyers the minute you market your property and request that they start to collate the leasehold information which will be required by the purchasers’ representatives.
    • Many landlords or managing agents in Drybrook charge for providing management packs for a leasehold homes. You or your lawyers should find out the fee that they propose to charge. The management information can be applied for as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Drybrook.
  • If you have carried out any alterations to the residence would they have required Landlord’s consent? Have you, for example laid down wooden flooring? Most leases in Drybrook state that internal structural changes or laying down wooden flooring require a licence from the Landlord approving such alterations. Should you fail to have the consents to hand you should not contact the landlord without contacting your lawyer first.
  • A minority of Drybrook leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers.
  • If you are supposed to have a share in the Management Company, you should make sure that you hold the original share document. Arranging a new share certificate is often a lengthy process and delays many a Drybrook home move. If a duplicate share certificate is necessary, you should approach the company officers or managing agents (if applicable) for this as soon as possible.

  • What makes a Drybrook lease defective?

    There is nothing unique about leasehold conveyancing in Drybrook. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain provisions are wrong. The following missing provisions could result in a defective lease:

    • A provision to repair to or maintain elements of the property
    • A duty to insure the building
    • A provision for the recovery of money spent for the benefit of another party.
    • Maintenance charge proportions which don’t add up to the correct percentage

    You will encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Barnsley Building Society, and Clydesdale all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the buyer to pull out.

    Leasehold Conveyancing in Drybrook - A selection of Queries before buying

      Be sure to find out if the the lease includes any adverse restrictions in the lease. For instance it is reasonably common in Drybrook leases that pets are not permitted in in a block in Drybrook. If you love the flatin Drybrook but your cat can’t live with you then you will be presented with a difficult determination. Is the freehold owned jointly by the leaseholders? How long is the Lease?

    Other Topics

    Lease Extensions in Drybrook